October 1 (SeeNews) - Romania plans to issue 6.0 billion lei ($2.1 billion/1.4 billion euro) worth of government securities in October to finance and re-finance public debt, data from the country's Finance Ministry showed on Thursday.
The ministry said in a statement it will auction 1.9 billion lei worth of benchmark T-notes next month. An auction of five-year Treasury notes worth 950 million lei in par value is scheduled for October 8, and an auction of three-year T-notes, also worth 950 million lei, will be held on October 22.
The ministry will also issue 4.1 billion lei worth of six-month and 12-month discount Treasury bills next month. An auction for 1.1 billion lei in six-month T-bills is scheduled for October 5 and another one of 1.0 billion lei is scheduled for October 12. The ministry also said it will hold two auctions of 12-month T-bills worth 1.0 billion lei each on October 19 and 26.
Romania auctioned government securities worth nearly 12 billion lei last year, up from 8.7 billion lei in 2007. It has sold 48.56 billion lei in government debt paper so far this year.
The country liberalised its capital market in 2006, giving foreign nationals free access to its government securities. Romania joined the European Union in 2007.
(1 euro = 4.228 Romanian lei)